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Nirenstein, Horowitz & Associates
43 Woodland St., Suite 520, Hartford, CT 06105
(860) 548-1000
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Advance Planning For Military Veterans - We are all aware of the fact that dealing with bureaucracies can sometimes be complicated. This comes into play when you are making preparations for the future, especially if you are someone who has served in the Armed Forces. People who have served in the military may be entitled to certain benefits, including health care, a retirement pension, educational benefits, mortgage loan guarantees and even monetary assistance to defray long-term care costs. These are all rewards that are very much deserved given the sacrifices that our military service members make during their careers. And then there are benefits that are available to Americans as a whole, such as Social Security and Medicare. In addition to these entitlements Medicaid is often utilized by senior citizens who need long-term care because Medicare does not pay for living assistance expenses. Because of the various program rules it can be challenging to gain an understanding of all of these benefits and how they may interface
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Guardianship Process in New York - Learn more about guardianship process in New York in this presentation. http://www.kobricklaw.com/estate-planning/estate-planning-services.htm
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When Does a Power of Attorney in Connecticut Terminate - A power of attorney is a legally binding device. You can use a power of attorney to give someone else the ability to act on your behalf in a legally binding manner. Learn more about power of attorney in this presentation. http://www.preserveyourestate.net/
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What is a Qualified Personal Residence Trust in Connecticut? - If you estate is going to be exposed to taxation, you should implement tax efficiency strategies. Learn more about qualified personal residence trust in Connecticut in this presentation. http://www.preserveyourestate.net/
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What Is a First Party Special Needs Trust? - A special needs trust can be a very useful estate planning device when certain circumstances exist. Many people who have disabilities rely on government benefit programs like Medicaid and Supplemental Security Income. These programs are only available to people with significant financial need. A direct inheritance can result in a loss of benefits, and you can react to this scenario through the creation of a special needs trust. First Party Special Needs Trust A trust that is funded with assets that are the property of the person who will benefit from the trust is called a first party or self-settled special needs trust. With this type of trust, a trustee is named in the trust declaration. People often use a professional fiduciary to act as trustee, such as a trust company or the trust section of a bank. When you use a corporate trustee, you gain certain advantages. For one, the trustee will be fully cognizant of the rules that govern special needs trusts. Secondly, there will be no co
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Why Would I Want a Revocable Living Trustsin Connecticut - The heirs won't receive their inheritances until after the process has run its course. Learn more about revocable living trusts in Connecticut in this presentation. http://www.preserveyourestate.net/
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HEMS Standards - HEMS is the acronym for "health, education, maintenance and support" distributions. Learn more about HEMS standards in New York and how it can help avoid transfer tax problems later on. http://www.kobricklaw.com/estate-planning/estate-planning-services.htm
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What is a Guardianship in Connecticut? - A guardian is someone who is appointed by a court to act on behalf of another person. A guardianship hearing can come into play when a dependent child is left without parents. Learn more about guardianships in Connecticut in this presentation. http://www.preserveyourestate.net/
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Legal Advice For Small Business Owners - Serious minded individuals who want to be prepared at all times would do well to develop an ongoing relationship with a good Hartford financial planning lawyer. This is true for everyone, but it is even more essential for people who are in certain situations. One of these circumstances that would call for specialized expertise would be that of small business ownership. A very simple estate plan for someone who works for a company and earns a salary is one thing, but when you own a business you have a different situation. When you retire from your job you simply walk away and the ownership of the business carries on. But when you are the owner you must think about succession planning. This can be a complicated matter and various different scenarios could present themselves. For example, you may want to keep the business in the family. If you do you will proceed differently over the years than you might if you intended to sell the business when you decided to retire, perhaps investing m
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ILIT Three Year Rule - The Federal estate tax is something to be aware of when you are planning ahead for the inevitable. There is an exemption, but once you exceed it you are looking at an extraordinary rate of taxation. As of this writing the exclusion is $5.12 million and the maximum rate is 35%. Next year the rate goes up to 55% while the exclusion goes down to $1 million. You have to make sure you include all of your assets when you are evaluating your potential exposure. With this in mind you would do well to understand the fact that life insurance proceeds are part of your taxable estate if you own them personally. One solution would be to create an irrevocable life insurance trust and have the trust buy the policies and if you already own policies you can place them into the trust in an effort to remove the proceeds from the value of your estate. However, there is a three-year rule to take into account. If you pass away within three years of placing the policies into the trust the proceeds will in f
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Can Probate in Connecticut Be Avoided? - Probate is the legal process of estate administration. If you die while in sole, personal possession of property, it becomes probate property at first. Learn more about probate in Connecticut in this presentation. http://www.preserveyourestate.net/
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We are Living Trust and Estate Planning attorneys with offices in Greater Hartford and Westport Connecticut.  Our mission is to provide residents of Connecticut and the surrounding areas with quality estate planning resources.

Additional Locations:

191 Post Road West
Westport, CT 06880
Phone: 203-221-2617
Hours
Monday8:00 am–5:00 pm
Tuesday8:00 am–5:00 pm
Wednesday8:00 am–5:00 pm
Thursday8:00 am–5:00 pm
Friday8:00 am–5:00 pm
Contact info
Phone
(860) 548-1000
Email
Address
43 Woodland St., Suite 520, Hartford, CT 06105
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